Shenzhen Yitoa Intelligent Control to Purchase Two Companies for 808 Million Yuan
MT Newswires Live
Sep 30
Shenzhen Yitoa Intelligent Control (SHE:300131) will purchase 100% of the equity of two companies totalling 808 million yuan, according to a Wednesday filing with the Shenzhen bourse.
The listed company will buy passive optical device maker Guilin Guanglong Integration Technology for 700 million yuan and analog integrated circuit manufacturer Shanghai Aojian Microelectronics Technology for 108 million yuan.
The purchase will be funded using 299 million yuan in cash and 509 million yuan through the issuance of about 69 million shares at 7.38 yuan apiece.
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